An important indicator of Canada’s economy is the real estate market, whether residential or commercial. Yet in any economy, real estate and construction industries face constant financial challenges. MacKay LLP has knowledgeable and experienced accounting and audit professionals to help your company navigate these challenges while remaining cost effective at all times.

For real estate we understand:

• You may benefit from improved accounting processes, income tax preparation, and financial advice.
• Sophisticated financial analysis and reports let you effectively evaluate performance on an ongoing basis.
• You need to consider variety of income tax planning strategies including, under the right circumstances, the possibility of incorporation.
• We let you focus on growing your business while we:
• Prepare year-end financial statements;
• Audit trust accounts and report to government authorities;
• Assist with computer software installation and support; and
• Provide ongoing tax planning and structuring tailored to your situation. 

Clients in construction and development can rely on us to:

• Keep up-to-date on the financial status of a project as it develops.
• Properly monitor project costs.
• Prepare financial plans.
• Plan for income taxes.
• Strategize ingenious solutions to unique income tax compliance and planning issues, for example:
• Choices in recording revenue and expenses related to construction projects;
• Choosing an advantageous fiscal year-end for a new corporation as this affects the timing of income taxes arising from a specific project; and
• Ensuring you are efficiently organized as you undertake a project because this has a major impact on the income taxes generated over the life of the project.

For more information on the services we offer to the real estate and construction industries, please contact your local MacKay LLP office.